To amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Tax Cuts and Jobs Act affecting individuals, families, and small businesses, and for other purposes.

Bill 119 hr 137, also known as the "Tax Cuts and Jobs Act," aims to make permanent certain provisions of the Internal Revenue Code of 1986 that impact individuals, families, and small businesses. The bill seeks to extend tax cuts that were originally implemented under the Tax Cuts and Jobs Act, which was passed in 2017.

Some of the key provisions that would be made permanent under this bill include tax cuts for individuals and families, as well as tax breaks for small businesses. These provisions are intended to stimulate economic growth and provide relief for taxpayers.

In addition to making these tax cuts permanent, the bill also includes other measures that aim to simplify the tax code and make it easier for individuals and businesses to comply with tax laws. This includes provisions that would streamline the tax filing process and reduce the burden of tax compliance for small businesses. Overall, Bill 119 hr 137 seeks to build upon the tax cuts and reforms that were implemented under the Tax Cuts and Jobs Act in order to provide long-term relief for individuals, families, and small businesses. The bill is currently under consideration in Congress and has garnered support from lawmakers who believe that these tax cuts are essential for promoting economic growth and prosperity.